PKF-Francis Clark Chartered accountants & business advisers

Head of tax, John Endacott, provides his overview of today's Budget in particular the impact it has on business owners. He also looks at the proposed increases in spending and whether that will produce the promised investment and growth for the country. Read the full article here: #AutumnBudget2024

There has been plenty of speculation around the changes to capital gains tax and inheritance tax rates in the run up to the Budget. Whilst it may not have been as bad as the worst fears, they will definitely have a substantial impact on some individuals, business owners or those in agriculture. Steve York looks in more detail in his article here: https://lnkd.in/ejUtGHXc #AutumnBudget2024 #CapitalGainsTax #InheritanceTax

The current non-dom tax regime has been abolished and replaced with a residence-based regime. This also has implications for inheritance tax. Youcef Toumi examines these issues alongside the new foreign income and gains regime, overseas workdays relief and off-shore trusts. He also looks at today's announcement on the changes to carried interest for fund managers - that will become subject to income tax and national insurance from April 2026. Read Youcef's article here: https://lnkd.in/egiiHgm7 #AutumnBudget2024 #non-doms #tax

The increases on national insurance and living wage will continues to pile pressure on employers. Unfortunately, it looks like the hospitality and care sectors will feel the most impact. Read our full analysis here: https://lnkd.in/eVabCvP2 #Budget2024 #AutumnBudget2024 #UKBudget #NationalInsurance #NationalLivingWage Steve Ashworth Joe Rowsell

As of 31 October 2024, the higher rates for additional dwellings, normally payable on the purchase of investment properties and second homes, will increase from 3% to 5%. Read our full stamp duty land tax (SDLT) Autumn Budget update here: https://lnkd.in/edHDzkSx #Budget2024 #AutumnBudget2024 #UKBudget #SDLT Victoria Hutson

Alongside today’s Budget, the Government published a corporate tax roadmap. The roadmap confirms its commitments for the following Parliamentary term. Read our full analysis here: https://lnkd.in/epYDZDJ6 #Budget2024 #AutumnBudget2024 #UKBudget #CorporateTax #CorporateTaxRoadmap Rhiannon Baynham

Rachel Reeves has delivered her first Budget as Chancellor of the Exchequer. Our head of tax, John Endacott, shares his initial reaction with some of the key highlights... #AutumnBudget #Budget2024 #UKBudget #KeyHighlights #BudgetHighlights

In the series finale of Business Noodles, we chat to Andrew Pooley, CEO and founder of Torbridge Capital. He tells us how, after serving as an infantry reservist in Afghanistan, he managed and grew businesses in the patient transport sector. This culminated in a sale to a private equity-backed buyer following a successful turnaround. Now, he invests in healthcare and learning and development businesses. 🎧 Listen at https://lnkd.in/ejRF_ECG 📲 Or search for Business Noodles on your usual podcast platform #BusinessPodcasts #BusinessLeaders #BusinessPodcast #CareerStory #Healthcare #PrivateEquity

“I did a few accounting modules at university and found it really interesting, that’s what sparked my interest in accounting. “I chose to apply to PKF Francis Clark for my training because of their strong focus on development wellbeing and development. The firm has created a positive environment that encourages me to perform my best. “I also love that PKF Francis Clark is based in the South West. Living in Devon allows me to have a great work-life balance; I’ve got city, coast and countryside all right here! “I’m beginning my second year of study with the firm and it’s going great! I’m constantly improving in my work and enjoying everything I do. My manager gives me every opportunity to push myself and supports me through any mistakes. In fact, everyone that I work with is incredibly supportive and motivating. “I’ve been surprised by how much I’ve learned in a year, it’s like every day is a school day! I’ve also been pleasantly surprised with the level of responsibility I’ve been given, for example communicating directly with clients and taking on the lead on certain jobs. I’ve recently been given the opportunity to join the cloud accounting team. It’s innovative and it’s so rewarding when I help a business and then see them enjoying the gains. “My hopes for the future are to complete my training and continue gaining exposure in as many areas of accounting as possible.” Pippa, trainee accountant Explore trainee accounting jobs on our website: https://lnkd.in/eXBrxcwg

Are you considering exiting your business, whether now or in the future? Then listen to our recent ‘Exploring exit options’ webinar series designed to guide business owners through the various options of exiting their business. Our award-winning expert advisors, share their wealth of experience helping business owners exit their businesses, provide top tips to maximise value. - Webinar 1: Selling to a trade buyer - Webinar 2: Selling to management (or an employee ownership trust) - Webinar 3: Selling to private equity If you would like a copy of the videos then please contact Gemma Lloyd-Jones on gemma.lloyd-jones@pkf-francisclark.co.uk #ExitStrategy #BusinessOwners #MaximiseBusinessValue #CorporateFinance